tiprankstipranks
Trending News
More News >

KLX Energy price target lowered to $4.50 from $6.50 at Piper Sandler

Piper Sandler analyst Luke Lemoine lowered the firm’s price target on KLX Energy to $4.50 from $6.50 and keeps a Neutral rating on the shares. The firm says oilfield services sentiment is “fairly poor” heading into the Q2 reports, and it has a “hard time poking holes in this aside from some positioning that could get squeezy.” Names in the sector “appear cheap, but this appears to be the common OFS value vs value trap,” the analyst tells investors in a research note. Piper believes it’s more of the latter.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue